{"id":73199,"date":"2025-09-12T20:46:03","date_gmt":"2025-09-12T15:16:03","guid":{"rendered":""},"modified":"2025-09-12T20:46:03","modified_gmt":"2025-09-12T15:16:03","slug":"gst-39-fraud-39-ed-claims-mncs-benefitted-from-fake-itc-worth-crores","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=73199","title":{"rendered":"GST &#39;fraud&#39;: ED claims MNCs benefitted from fake ITC worth crores"},"content":{"rendered":"<p>GST &#39;fraud&#39;: ED claims MNCs benefitted from fake ITC worth crores<BR>GST<BR>Dated:- 12-9-2025<BR>PTI<BR>New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that &#8220;big MNCs&#8221; were benefiting from these illegal transactions.<br \/>\nThe Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana.<br \/>\nThe raids were undertaken in connection with a multi-crore fake ITC fraud following registration of a case under the Prevention of Money Laundering Act (PMLA), it said in a statemen<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=55545\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>ts and recovery of incriminating records, exposing systematic misuse of the GST framework through bogus invoicing, fake e-way bills, and layered fund transfers.<br \/>\n&#8220;Primary investigation reveals that fake ITC has been passed to big MNCs for which a detailed investigation is going on,&#8221; the ED said.<br \/>\nIt claimed &#8220;significant&#8221; frauds came to light during the searches.<br \/>\nIn Arunachal Pradesh, it said, the proprietors of Rainbow Enterprises and A K Enterprises &#8220;admitted&#8221; to availing fake ITC of over Rs 2 crore each without any actual supply or movement of goods.<br \/>\nAnother entity, Tanor Engineering, was found to have &#8220;fraudulently&#8221; obtained fake ITC of Rs 4 crore.<br \/>\nIn Hyderabad, a company named Vinardh Automobiles &#8220;admitted&#8221; to projecting a &#8220;fake&#8221; tur<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=55545\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST &#8216;fraud&#8217;: ED claims MNCs benefitted from fake ITC worth croresGSTDated:- 12-9-2025PTINew Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud ha<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-73199","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73199"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73199\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}